Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average gained 47 points to 12,653.00 and S&P 500 index futures rose 4.70 points to 1,330.90. Nasdaq 100 futures gained 11 points to 2,546.00.

A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.96%, London's FTSE 100 Index gained 0.63%, French CAC 40 index rose 1.86% and German DAX 30 index surged 1.27%.

Asian markets ended higher, with Japan's Nikkei Stock Average rising 0.01%, Chinese Shanghai Composite gaining 0.47% and Australia's S&P/ASX 200 rising 0.42%. Hong Kong's Hang Seng index surged 2.26% and India's Sensex jumped 1.63%.

Broker Recommendation Analysts at Credit Suisse downgraded Nokia (NYSE: NOK) from “outperform” to “neutral.” The target price for Nokia has been lowered from $4.5 to $2.

Nokia shares gained 3.83% to $2.44 in pre-market trading.

Breaking news

  • Flotek Industries (NYSE: FTK) announced today an agreement with all current warrant holders to remove certain provisions that cause the Company to treat the warrants as derivative instruments under Generally Accepted Accounting Principles. To read the full news, click here.
  • Coca-Cola (NYSE: KO) is planning to return to Myanmar, one of only three countries in the world where the company does not currently do business. To read the full news, click here.
  • Life Technologies (NASDAQ: LIFE) today announced that it has deepened its commitment to stem cell research and its customers by signing a non-exclusive agreement with iPS Academia Japan for its induced pluripotent stem (iPS) cell patent portfolio. To read the full newsclick here.
  • IMAX (NYSE: IMAX) announced it has signed agreements to open a total of three IMAX® theatre systems into new construction projects across Russia. To read the full news, click here.

Posted-In: Credit Suisse US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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